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4 "Scugog's Community Newspaper of Choice" 14 - PORT PERRY STAR - Tuesday, May 5, 1992 \ Budget has impact on individual tax payer By Scott Anderson tended to those making $63,000 or gasoline, which is traditional- "All in all, despite terrible "I think rather than it being a Port Perry Star or more per year. The previous ly hitduringthebudget. times, I think the budget is a jobcreatingbudget,it's a joblos- The Ontario government level was $84,000. But although the government credible one," he said in a tele- ingbudget," he said. robbed from the poor and gave to the rich in its 1992 budget, in- troduced last week. The April 30 budget, tabled at Queen's Park by NDP treasurer Floyd Laughren, announced that Ontario residents will pay more in personal income taxes this year, while businesses will receive some tax breaks. The province's deficit will also drop below $10 billion, he said. According to Mr. Laughren, personal income tax rates will rise to 54.5 per cent of the feder- al tax level in July. This is up from 53 per cent. It will increase to 55 percentin 1993. A 14-per cent personal in- come tax surcharge has been ex- And while the personal tax levels for Ontario residents have been increased, the corpo- rate tax rate was decreased by one per cent to 13.5 per cent for the manufacturing and process- Ing sectors. Small businesses also saw the income tax rate decreased from 10 per cent, to 9.5 per cent. Also self-employed business people earning more than $40,000 must now pay health taxes. Banks were slapped with a one-year income surtax of 10 per cent. While the government hit the residents of Ontario hard with the income tax hikes, it didn't increase the taxes on cigarettes chose not to increase the "sin tax", it did find an innovative way of hitting beer and spirits. In an environmental move, the price of 24 cans of beer will rise $3.10, while 24 bottles of beer will rise 50 cents. Wine and spirit prices will increase ap- proximately 10 cents. The government hopes the steep rise in the price of canned beer will encourage the use of bottles. Gord Mills, Durham East MPP, told the Port Perry Star that he felt the budget "was good considering all we were up against." He pointed to the large deficit and poor economic times the province is facing. The Art of Common Sense NIVA 4x4 Lowest Price for a 4x4 in Canada! Watch for our phone interview an hour after the budget was announced. Mr. Mills said in the days leading up to the budget, many of the constituents outlined a number of concerns. He says all these concerns were addressed in the budget. "I think what we did was created and preserved jobs," he said. "People wanted the impor- tant human services preserved and we did that. People also wanted to control the deficit and we did that. I think we achieved abalance." Mr. Mills said he was particu- larly pleased with the an- nouncement that the deficit will come in under $10 billion. He had maintained during pre- budget public meetings that he would be able to live with a defi- citunder the $10-billion mark. "Imagine what we could've done in good times," he said. The budget also outlined the creation of some 90,000 new jobs in 1992 and 1993. And the government will build 20,000 non-profit housing units, creat- ing an additional 2,400 jobs un- der the Ontario Homes Jobs Fund. But although the creation of some much needed jobs seemed to be a much needed element, the opposition was quick to criti- cize the scheme. Gerry Phillips, the Liberal Treasury Critic, said the budget was not a job creating document but "was a job destroying bud- get. Mr. Phillips said that al- though the government believes it will create 90,000 new jobs, it will cost the economy 25,000 jobs through the addition of $1 billion in taxes. r. Phillips says the deficit prediction of $9.9 billion is too low and he believes it will be $1.25 billion higher. He says the NDP government is banking on receiving $1.2 bil- lion in transfers from the feder- al government, but points out that nothing has been guaran- teed. Mr. Phillips doubts the government will receive this money. "They'll be lucky to get half of the federal payments," he said. Others were also unim- pressed by the budget. Gary Herrema, Chairman of the Re- gion of Durham, said he saw "nothing positive in the bud- get." "I'd like to find something good in it," he said. "About the only good thing is that the taxes weren't higher." Scugog Mayor Howard Hall also could not find much in the budget. Although he had not studied the budget in detail, he said it doesn't affect the town- ship too much. "At first blush it doesn't look like it has much of an impact," he said. Mayor Hall was disappointed however that it didn't specify the amount of grant money the municipalities would be getting for road work from the Ministry of Transportation. Durham MP Ross Stevenson was also critical of the budget. "I wouldn't say it's a good news budget," he said. "It looks to me like they tried to make some accommodations for business," he said. 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If you would like to be part of this group please call the Fami- ly Education Resource Centre at 579-2021. LADIES SAFETY & DEFENSE SEMINAR This time will be well spent if you want to take home useful information to increase your and your family's safety. 40% FOCUS - avoidance information (several handouts) 60% FOCUS - hands on street effective techniques. 985-0205 15208 Simcoe St., Port Perry I ig yo ge EH